Is an HSA considered a qualified retirement account?

kortiz2101 · ‎February 9, 2020

AnnetteB6 · ‎February 9, 2020

No, a Health Savings Account (HSA) is a tax-free, interest-bearing account used to pay qualified medical expenses (What is a health savings account?)

It is not considered a qualified retirement account in the eyes of the IRS. Although some people may tend to use their HSA as a means to save for retirement since the rules change for distributions after the age of 65.

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View solution in original post

AnnetteB6 · ‎February 9, 2020

No, a Health Savings Account (HSA) is a tax-free, interest-bearing account used to pay qualified medical expenses (What is a health savings account?)

It is not considered a qualified retirement account in the eyes of the IRS. Although some people may tend to use their HSA as a means to save for retirement since the rules change for distributions after the age of 65.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Is an HSA considered a qualified retirement account?